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20110701
20110731
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CSPAN 2
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CSPAN
Jul 22, 2011 6:30pm EDT
? >> britain is not in the euro and while i am prime minister, it will never be in the euro so we should not be involved in those internal arrangements. only eurozone countries were involved. only eurozone countries have been involved about further bailouts. it is right not to use the european financial stability mechanism for future support to greece. >> what discussions did he have about preparing for that the fault? in particular with the president who has said in the context of departure from the euro and the devolution of the monetary union, it does not have to be disorderly. >> what is causing disorder as instability in europe. it is the fact that cannot be changed. if greece can default. good money will be wasted failure of greece. why wasn't the prime minister your normal skeptical self and lead an orderly withdrawal? >> checks seem to be a it endangers species sincethey were in terminal decline. the council said there is no alternative. the council did not look too happy when they came before the treasury committee. >> it is a imperative as working to have a viable set of of tre
CSPAN
Jul 8, 2011 6:30pm EDT
you elaborate on that? >> in great britain a few years ago, they undertook a social security reform and they actually had a white paper study on what they should do. they concluded that it would be useful to try to increase private savings at the same time as they did social security reform. it increased benefits in the public system, but even there, they decided that was not enough. to really help people, we really needed to build the private pension savings. if you look at the private pension system, it covers fairly poorly most of the population. i have not quite updated it, but it says that for 75% of people that retire, social security and medicare is in excess of all of their private assets. we have a larger extent of the population dependent upon social security and medicare. how do we deal with it? one way we do what it is be tried to increase some of those cash benefits for lower and moderate income people. from the middle-income people, i do not think we can get thereby adding to a system that is out of balance. we need to recognize that private retirement system is not do
Search Results 0 to 1 of about 2